Compare Today’s Mortgage Rates for Commerce Township, Michigan

Pureloan searches mortgage lenders and major banks in Commerce Township, Michigan 48382 finding the best mortgage rates. We also provide a list of the best mortgage brokers in your area and an analysis of your future home loan payments. For a 30-year fixed loan, lifetime cash savings of $21,113 or $59 / month is expected in Commerce Township and other areas of Oakland county.

Pureloan’s search engine explores all home mortgage options in Commerce Township, Michigan 48382, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

42.550384 -83.479623

Summary of Average Mortgage Terms in Commerce Township, Michigan 48382

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Commerce Township, MI

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Commerce Township, MI 48382, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Commerce Township, MI

Historical Mortgage Rates for Commerce Township, Michigan 48382 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Commerce Township, Michigan and around Oakland county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 86.08% 83.00% 84.38% 87.84% 89.13% 89.26% 89.76% 88.17%
avg mortgage rate 5.07% 4.79% 3.97% 4.11% 4.54% 4.23% 4.02% 4.23%
% 15 year fixed mortgage 12.03% 13.88% 12.88% 10.70% 9.53% 9.05% 8.54% 10.47%
avg mortgage rate 4.43% 4.06% 3.29% 3.31% 3.58% 3.37% 3.18% 3.40%
Avg credit score 761.24 764.56 762.02 757.46 752.75 749.21 747.88 746.47
Avg LTV (loan to value) 76.88% 78.57% 81.21% 82.38% 83.35% 83.55% 83.55% 82.93%
Avg DTI (debt to income) 32.42 31.68 31.69 32.19 33.12 33.15 33.88 34.39
% First time homebuyer 33.89% 30.18% 28.28% 35.82% 41.22% 40.53% 41.02% 39.25%
Avg mortgage insurance % 4.08% 5.63% 9.53% 10.97% 13.12% 13.43% 13.38% 12.57%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Commerce Township, Michigan 48382

If you’re looking to buy a new home in Commerce Township, we have compiled a list of the leading mortgage brokers around Commerce Township, Michigan 48382 to help you with your search.

Name
Address
Contact

First Credit Funding

8039 Locklin Ln

Commerce Township MI 48382

(248) 366-9109

John Adams Mortgage

8430 Richardson Rd

Commerce Township MI 48382

(248) 360-4207

http://www.johnadamsmortgage.com

Concept Financial

1945 Applebrook Dr

Commerce Township MI 48382

(248) 926-6980

American Home Loans

1111 W Oakley Park Rd

Commerce Township MI 48382

(248) 668-1182

http://www.americanhm.com

Rodsville USA

3174 Martin Rd

Commerce Township MI 48382

(248) 632-6421

Address

8039 Locklin Ln

Commerce Township MI

Contact

(248) 366-9109

Address

8430 Richardson Rd

Commerce Township MI

Contact

(248) 360-4207

http://www.johnadamsmortgage.com

Address

1945 Applebrook Dr

Commerce Township MI

Contact

(248) 926-6980

News on Mortgages and Reverse Mortgages for Commerce Township, Michigan 48382